SHA:601921 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	4,619	5,085	6,038	9,622	10,518	10,074
Trading Asset Securities	6,802	6,700	5,900	2,650	1,750	850
Cash & Short-Term Investments	11,421	11,785	11,938	12,272	12,268	10,924
Cash Growth	-2.23%	-1.28%	-2.72%	0.03%	12.30%	51.34%
Accounts Receivable	1,986	1,102	1,106	894.64	1,113	868.24
Other Receivables	91.01	73.27	131.82	126.42	127.66	116.72
Receivables	2,077	1,175	1,237	1,021	1,241	984.95
Inventory	3,048	2,707	3,155	3,430	3,343	3,351
Prepaid Expenses	-	-	-	-	2.24	-
Other Current Assets	181.28	131.54	206.24	121.68	92.12	159.15
Total Current Assets	16,727	15,799	16,537	16,845	16,946	15,419
Property, Plant & Equipment	2,965	2,990	2,986	3,597	3,387	3,394
Long-Term Investments	487.43	601.86	446.96	360.21	392.1	463.97
Other Intangible Assets	652.44	659.6	680.43	751.21	801.96	852.85
Long-Term Deferred Tax Assets	4.89	4.75	5.83	202.72	12.48	14.92
Long-Term Deferred Charges	111.65	112.18	107.72	104.86	100.62	77.57
Other Long-Term Assets	1,087	991.31	999.51	402.92	432.63	377.65
Total Assets	22,036	21,158	21,764	22,264	22,072	20,600
Accounts Payable	5,265	4,274	5,261	5,862	5,965	5,404
Accrued Expenses	421.53	580.65	599.42	702.22	662.14	567.66
Short-Term Debt	-	-	-	-	8.01	8.01
Current Portion of Long-Term Debt	-	-	-	3	0.41	0.43
Current Portion of Leases	17.58	19.07	18.49	33.15	32.35	26.53
Current Income Taxes Payable	30.07	2.16	6.46	4.11	12.27	36.22
Current Unearned Revenue	844.07	903.65	927.87	1,016	1,067	958.77
Other Current Liabilities	683.64	751.77	838.83	836.02	835.89	824.57
Total Current Liabilities	7,262	6,531	7,652	8,456	8,583	7,826
Long-Term Debt	-	-	-	-	342.8	326.5
Long-Term Leases	32.82	34.08	29.6	22.63	37.57	49.6
Long-Term Unearned Revenue	124.62	113.59	131.36	128.34	135.81	115.69
Long-Term Deferred Tax Liabilities	0.89	0.57	-	36.13	2.29	3.79
Other Long-Term Liabilities	56.52	49.56	214.34	217.06	221.07	222.01
Total Liabilities	7,476	6,729	8,027	8,860	9,322	8,544
Common Stock	2,222	2,222	2,222	2,222	2,222	2,222
Additional Paid-In Capital	5,155	5,155	4,990	4,892	4,989	4,993
Retained Earnings	6,975	6,844	6,446	6,230	5,499	4,797
Comprehensive Income & Other	161.98	162.43	37.3	16.28	-5.1	-6.51
Total Common Equity	14,514	14,384	13,696	13,361	12,705	12,005
Minority Interest	45.46	44.92	40.3	43.01	44.58	50.91
Shareholders' Equity	14,559	14,429	13,737	13,404	12,750	12,056
Total Liabilities & Equity	22,036	21,158	21,764	22,264	22,072	20,600
Total Debt	50.4	53.15	48.09	58.78	421.14	411.08
Net Cash (Debt)	11,371	11,732	11,890	12,213	11,847	10,513
Net Cash Growth	-2.12%	-1.33%	-2.65%	3.09%	12.69%	50.29%
Net Cash Per Share	5.12	5.28	5.38	5.50	5.33	5.02
Filing Date Shares Outstanding	2,222	2,222	2,222	2,222	2,222	2,222
Total Common Shares Outstanding	2,222	2,222	2,222	2,222	2,222	2,222
Working Capital	9,466	9,268	8,885	8,389	8,363	7,593
Book Value Per Share	6.53	6.47	6.16	6.01	5.72	5.40
Tangible Book Value	13,862	13,724	13,016	12,609	11,903	11,152
Tangible Book Value Per Share	6.24	6.18	5.86	5.67	5.36	5.02
Buildings	-	3,947	3,869	4,238	4,137	3,490
Machinery	-	933.4	919.48	860.55	833	727.89
Construction In Progress	-	50.38	35.51	283.23	95.18	765.29

Source: S&P Global Market Intelligence. Standard template. Financial Sources.